Trends that Tell Nothing, But the Trend…
Richard Florida and his team are at it again, pointing to correlations and assuming causations. High-School Dropouts and College Grads Are Moving to Very Different Places Cities like Washington and San Francisco are gaining the highly skilled but losing their less-educated workforce. While I suppose I could live anywhere, my career somewhat demands that I be near either cities or at least college towns. It isn't that I love or even like cities — I don't — but I like being employed. I don't like the noise, light, or other pollution of cities. Employment: it beats the alternative. Don't imagine cities are "attractive" to every migrating household. No, they simply are where we must go, and we must demand higher and higher salaries to afford those very cities, pushing the inequality gap wider and wider. Want to live near the great university where I work? Expect to spend $700K or more on a little, old, problems-included, house. Invest another $100K...